I exited the very small GDX position taken yesterday at 22.78 at 23.66, for now I am nothing more than a small position trader
BSing away
Senor
The TWO EWAVE counts for this likely wave C
Started by
senorBS
, Oct 05 2016 12:04 PM
78 replies to this topic
#32
senorBS
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Posted 07 October 2016 - 10:20 AM
looks like a corrective rally in GDX and other so far to the early highs, unless it morphs into something more complex (contracting tri or double zig) we could see new decline lows soon and perhaps more divergences, I would prefer to see today remain an up day. Back to being a spectator
BSing away
Senor
#33
SemiBizz
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Posted 07 October 2016 - 10:40 AM
Pretty clear we're going to the .50 levels...
1211 gold
around 76 area XAU...
After yesterday's phony test of 1251...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#34
senorBS
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Posted 07 October 2016 - 10:43 AM
Pretty clear we're going to the .50 levels...
1211 gold
around 76 area XAU...
After yesterday's phony test of 1251...
looking more and more that way, 1210 is also previous 4th wave support and the GLD has a nice gap to fill down there
Senor
Edited by senorBS, 07 October 2016 - 10:50 AM.
#35
SemiBizz
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Posted 07 October 2016 - 11:08 AM
CONSOLIDATION now 1251.00 from underneath...
I think this was all some reaction to some F'ed Mouth here...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#36
SemiBizz
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Posted 07 October 2016 - 11:11 AM
1251.50 and now 1249s...
We'll see in a few minutes.
We got the test that was the important stuff.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#37
dougie
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Posted 07 October 2016 - 11:53 AM
Xau looks like one more small wave down needed but this might be done
#38
senorBS
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Posted 07 October 2016 - 12:21 PM
Xau looks like one more small wave down needed but this might be done
yeah clearly looks like a 5th of some degree ended this morning with marginal HUI and XAU lows and basically a double bottom in XAU. Gold currently just back above 1250, could have been a washout, stop running move down to 1241. key action and how key a low might or might not be in place is a tough call at this time - lots of additional divergences today assuming we close flat to positive
Senor
#39
senorBS
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Posted 08 October 2016 - 02:54 PM
After reviewing daily and weekly and monthly charts and technicals I do not think the decline is over yet, daily stuff is very oversold but weeklies are down hard with some room to go and monthly technical stuff is trending lower as well. I can see a modest bounce and sideways action for a few days but we could continue lower as well, I don't think this is a market we have/need to hurry into. I am flat and looking forward to what could be a very interesting week.
BSing away
Senor
#40
dougie
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Posted 08 October 2016 - 05:29 PM
i think you are right senor. i think the bounce might last a week or so though. My hedges are gone but no adding to longs here for me.
